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S&P 500 Futures Retreat, Bitcoin Rebounds | Stock News & Stock Market Analysis

Futures for the S&P 500 index fell slightly Thursday night while Bitcoin futures rebounded from a regular session tumble. Apple (AAPL) apologized late for slowing older iPhones. During Thursday’s session Netflix (NFLX) retook a key level while Constellation Brands (STX) broke out.

X S&P 500 index futures dipped 0.1% vs. fair value ahead of the final trading day of 2017. Dow futures fell 0.1%. Nasdaq 100 futures sank 0.2%. CME (CME) Bitcoin futures rose 8.3% to $14,885 while Cboe (CBOE) Bitcoin futures climbed 8.2% to 14,880 after both CME and Cboe contracts undercut $14,000 on Thursday as South Korea moved toward new Bitcoin trading restrictions, wiping out the week’s gains to that point.

Apple

Apple apologized to iPhone customers for slowing older iPhones to preserve battery life without giving disclosure. Apple slashed replacement battery prices and said it was not deliberately curbing smartphone speeds to get people to upgrade to newer handsets.

Apple shares fell a fraction after closing up 0.3% to 171.08 in Thursday’s stock market trading, continuing to find support near their 50-day lines. Apple is in a flat base with a 176.34 buy point.

Netflix

Netflix shares shot up 3.5% to 192.76, closing above its 50-day moving average in volume that was 59% above normal. Retaking the 50-day line in heavy trade can offer a buying opportunity, though Netflix just cleared that key level. Netflix has a flat-base buy point of 204.48.

Constellation Brands

Constellation Brands broke out Thursday in strong volume. Shares rose 0.9% to 227.96, just clearing a 227.30 buy point.

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